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Updated almost 9 years ago on . Most recent reply

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148
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Kevin Izquierdo
  • Hillside, NJ
27
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148
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Loan on a Low Income

Kevin Izquierdo
  • Hillside, NJ
Posted

Any suggestions on how I can get a mortgage loan with a low income? Ive been told to get a co signer. Any suggestion BP community?

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Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
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Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
Replied
Originally posted by @Kevin Izquierdo:

Any suggestions on how I can get a mortgage loan with a low income? Ive been told to get a co signer. Any suggestion BP community?

Not enough information here to really make a comment. It depends how low your income is, how much debt you have, how big of a loan you need, loan to value ratio, and how good your credit score is. Same things will apply for the co-signer - if they are in a bad financial position, they won't be helpful as a cosigner.

-Christopher

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